Waycross Partners LLC Purchases 18,988 Shares of Citigroup Inc. (NYSE:C)

Waycross Partners LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,931 shares of the company’s stock after acquiring an additional 18,988 shares during the quarter. Citigroup makes up approximately 1.7% of Waycross Partners LLC’s holdings, making the stock its 27th largest holding. Waycross Partners LLC’s holdings in Citigroup were worth $11,292,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. POM Investment Strategies LLC acquired a new position in shares of Citigroup during the second quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in Citigroup in the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC lifted its holdings in Citigroup by 85.5% in the first quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $29,000 after buying an additional 212 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Citigroup by 1,962.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock valued at $31,000 after acquiring an additional 569 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in Citigroup during the 2nd quarter worth $32,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on C shares. Morgan Stanley raised their price target on Citigroup from $66.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Evercore ISI raised their target price on Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a report on Wednesday, July 3rd. Royal Bank of Canada upped their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Oppenheimer lifted their price objective on shares of Citigroup from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, The Goldman Sachs Group reduced their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.25.

Citigroup Price Performance

Shares of NYSE C opened at $57.67 on Monday. Citigroup Inc. has a twelve month low of $38.17 and a twelve month high of $67.81. The company has a market cap of $110.00 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. The business’s 50 day moving average price is $61.81 and its two-hundred day moving average price is $61.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the firm earned $1.37 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.88%. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is 62.75%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.